2013 a Strong Year for U.S. Private Foundations, Reports New Study

Foundation Source, provider of comprehensive services for private foundations, released the 2014 edition of its Annual Report on Private Foundations. According to the report, 2013 was a strong year for those private foundations with less than $50 million in assets, a segment that constitutes 98 percent of all U.S. foundations. The combination of a recovering stock market and additional contributions by their funders resulted in increased foundation endowments for a second straight year, in spite of charitable distributions that exceeded the 5 percent minimum by almost 50 percent.